Just in Time and Benchmarking, management homework help

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Just in Time and Benchmarking, management homework help

Discussion 3.1: Just in Time

Discuss the costs and benefits of a just in time (JIT) inventory system. If you currently work in an organization, would a system like this work in your organization? Why or why not? Be specific with your comments.

Support your answer with credible sources. Cite your sources using proper APA format (both in-text and reference entries).

3 paragraphs

Discussion 3.2: Benchmarking

Organizations strive for continuous improvement. Benchmarking helps an organization understand the best practices within their industry. An operations manager stated, “Benchmarking against other companies enables a company to identify the lowest-cost producer. This amount should become the performance measure for next year.” Do you agree with the statement made by the manager?

Support your answer with credible sources. Cite your sources using proper APA format (both in-text and reference entries).

3 paragraphs